Jan 17, 2013 8:00pm EST
problems that get thrust upon them as a consequence of diminished tax bases and the consequence of housing, the significant portion of the public and their states that are in most need. we're committed to having a third phase of the so-called big deal on the budget. we're of the view that just as it took during the clinton administration, it didn't happen in one fell swoop to get our economy in great shape and move toward a balanced bump started off with three phases. started with president bush's actions, the first president bush, in terms of taxation, before president clinton took office. then the actions the president took in '94 and then in '97. well, we think there's a third phase here that can set our country on a path that will allow us to get our debt, the gdp, our deficit to gdp, down around 3%, which is the basis of which all economists left, right, center, agree, are the areas which we really can begin to grow as a country. and also my grandfather used to say, with the grace of god and good will of the neighbors, cooler heads will prevail between now and the time we deal with th
Jan 17, 2013 11:00pm EST
. >> not the last question. >> i'm sorry, francine. [inaudible] >> everything you run out of tax reform process has been out with a has to measure to make them maybe not impossible, but much less likely to tax reform goes forward this year. is that basically what you believe? if you could say a word about why tax reform should go forward. what do you see as the upside of that? >> i'm not saying that. what i'm saying is they think we took seems that do not package they have some ramifications tax reform. but i am not saying that we shouldn't sit down and talk about how we look at our tax structure and how we reform it. it's a fact that by what we thought it, but it isn't anything close to the whole package. i think what it does is to force people to be more concrete about what they mean when they took about tax reform. let me just give you an example. some of the provisions that we have been training and retraining, some of them are in appropriation and some of them are in the tax structure. i think we can take a hard look at all of our training programs. some of them aren't about to taxation. i thi
Jan 20, 2013 8:00am PST
, the president signed into law. >> there will be no more tax-funded bailouts. period. >> years of spending added up and the debt ceiling talks of 2011 led to a budget standoff between democrats and republicans who had taken back control of the house in the mid-terms. >> is there a risk that the united states could lose its triple-a credit rating, yes or no? >> no risk of that. >> no risk. >> the debt ceiling was raised in august, the political fight and the spotlight on the count row's deficit and debt problems led s&p to downgrade the u.s. credit rating for the first time in history. >> geithner steered the major economic moves in the first term, now he's stepping down at treasury. the pick to replace him is jack lew, who has established a close relationship with the president. he is know chummy with the republicans on the hill after the debt ceiling negotiation. for that reason and other, his looming confirmation hearing could be bumpy. but if confirmed, lew will likely be dealing with the top issue in this second term, how to get the economy moving and addressing the count re's long-term fisc
Jan 15, 2013 1:00pm PST
and actually to get from where we are, given the spending cuts and tax increases that we've implemented so far, to where we need to be to stabilize the debt, is not that heavy a lift if we had a functional politics that was actually paying attention to what needs to be done instead of creating these ridiculous self-inflicted skirmishes and wounds. as you have correctly pointed out, you have even got conservatives spokespeople saying, look, this isn't going to happen, you're not going to do this. we're going to have one of these last minute solutions again. if that is truly the case and if history is precedent, it will be, we really have to ask ourselves about our priorities. >> and yet, david, the problem is the fitch ratings agency has already threatened a ratings downgrade. and it even has a retort who think debt ceiling hostage taking can be a weapon against spending calling it an infective and potentially dangerous mechanism for enforcing fiscal discipline. so what is this obsession they have of falling on their sword and taking the country with them. >> there you go again, martin, stickin
Jan 14, 2013 5:30pm PST
sodas that include school bans, proposed taxes and an often-mocked new york city effort to eliminate large sizes. >> oh, no! i'm on the run from johnny law! >> reporter: but many feel it's no joke. after all, the average american gets 45 gallons of sugary soft drinks a year. that's 1 1/2 barrels of soda pop. in fact, sugary sodas are the single largest source of calories in the american diet. even this small can has the equivalent of six sugar cubes in it. the regular soda, 14 sugar cubes. and that big gulp? 32 sugar cubes. critics argue they're not just ordinary calories, either. they're empty of nutrition and don't tell the body its full. >> with beverages, we drink the calories and consume more foods on top of those calories. >> reporter: coke's new commercial promotes exercise programs to work off what you drink. but for the world's largest soda maker today, it's no coke and a smile. jim avila, abc news, washington. >>> and as we begin another week, we begin it watching the flu continue to move across the country again. tonight, we're seeing the effects of the virus, particularly
Jan 17, 2013 7:00pm PST
than tax cuts for the rich. they have to understand that they want government to do things like help the hurricane victims which most voted against in the case of sandy. they need more moderate people to vote in the republican primaries.
Jan 16, 2013 10:00am EST
're going to sell it to me, you have to go through all kinds of registration, pay taxes, do all of other things. we transferred one of our cars to one of our sons here recently. we had to go through the motor vehicle department transfer, whatever. why somebody should be able to go into a gun show and buy any kind of a thing, on any kind of the background check you might have otherwise, at least -- i can't understand that. i really can't. i think we should have stricter background checks. i think they should be real ones. if you have the restraining orders on you, other things, we ought to be able to do that. i realize every state's different. vermont has virtually no gun laws. you can carry loaded concealed weapon in vermont this afternoon if you were there with no permit. we also have one of the lowest crime rates in the country but not because of that. we are as a society we are very law-abiding, but would that stop somebody who is mentally unhinged from going out and using a gun, knife, or anything else to kill people? no. the president's right when he says there are a whole lot -- i'
Jan 15, 2013 9:00pm PST
.c. of course is taxed by congress, but has no vote in congress, which famously is not the way we're supposed to do things in this country. what, you want to argue with james otis? taxation without representation is tyranny, boston, 1765? the president getting those license plates on the giant limo that is going the carry him to his inauguration officially makes the inauguration better than it otherwise would have been. or maybe ever has been before. we'll see. ♪ ♪ ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. introducing the all-new 2013 lexus ls f sport. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. totally fine. wait. it's full of what? it's full of these gel beads, son. these awesome little blue gel beads. you bought a mat
Jan 16, 2013 8:00am PST
who feel they are taxed without being represented in d.c. but symbolically, something that washingtonians were looking for and he's delivering on that, made some people happy yesterday. >> carrie, great to see you. thank you. >> thanks, thomas. >>> as we await the president's announcement on gun control proposals, we asked and you answered, did the nra go too far by focusing on president obama's daughters in a new ad. k.j.l. tweets yes, this new ad is disgusting. you can be a member, want to protect second amendment rights and say no to assault weapons. from patricia, does the nra understand the magnitude of the potus' daughters being a member of the first family and what that entails? from rusty, absolutely. family members should always be off limits. we encourage you to keep the comments coming in to us on twitter or facebook. also, how does the white house now respond to the nra ad? we'll have a live report from the white house next. [ male announcer ] there are only so many foods that make kids happy. and even fewer that make moms happy too. with wholesome noodles
Jan 15, 2013 3:00am PST
the program happens to be. a new war. a new tax cut for the rich. they demand the spending. and then they have to -- it comes time to pay the bills. raising the debt ceiling means we agree we're going to pay the bills that congress has already spent. right? we're going to pay for the stuff that congress has already bought. as a president i thought it was an excellent analogy yesterday. you don't go to a restaurant and order a fine meal and then say i'm going to start cutting back right now. i'm not going to pay for that meal. you already ate it, babe! right? >> that's right. how fiscally conservative for them to say we're not going to pay that. let's just clear up this false equivalency that i think it was the first or second question who made the point at the press conference yesterday well, you voted against the debt ceiling in 2006 so what's the deal? look this is -- 2010 -- 2011, after the 2010 election, the whole tea party wave was the first time that you saw republicans hold it hostage. and say unless you do what we want we're not raising the debt ceiling. democrats have never done that.
Jan 17, 2013 3:00am PST
guards at their school. mr. obama demands the wealthy pay their fair share of taxes but he's just another elitist hypocrite when it comes to a fair share of security. protection for their kids and gun-free zones for ours. >> bill: now unless i didn't hear it correctly, there were three times there where he's talking about the president's kids. >> sure. as anyone who follows politics knows, that is an area that's really considered off-limits when you're talking about children of the president. so whether to make a point -- i understand this is a debate about children but i think most of the observers looking at david keen said this is not about the children. it is about the arguments that -- >> bill: he would only say that if he were getting a lot of flack because of it. he must be getting some flack even from nra supporters who said drop that ad. enough is enough. >> it is important to bear in mind it is a web-only ad. it was more put throughout to stir this kind of debate about the gun issue rather than actually focusing in on the president's proposal. >> bill: let's get to the political